Saturday, January 07, 2012

Unofficial Problem Bank list declines to 970 institutions

by Calculated Risk on 1/07/2012 05:32:00 PM

Update: Comments are back.

This is an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for Jan 6, 2012. (table is sortable by assets, state, etc.)

Changes and comments from surferdude808:

At year-end 2011, the Unofficial Problem Bank List included 970 institutions with assets of $391.2. Changes since December 23rd include 11 removals and eight additions. At year-end 2010, the list included 935 institutions with assets of $412.4 billion. During December 2011, changes included 10 additions, eight action terminations, seven unassisted mergers, three voluntary liquidations, and two failures. It was the six consecutive month that the total number of institutions on the list declined.

Actions were terminated against Santa Barbara Bank & Trust, National Association, Santa Barbara, CA ($5.8 billion Ticker: PCBC); Access 1st Capital Bank, Denton, TX ($109 million); Lake Region Bank, New London, MN ($98 million); Tomahawk Community Bank S.S.B., Tomahawk, WI ($81 million); Evansville Commerce Bank, Evansville, IN ($53 million); Commerce Bank of Temecula Valley, Murrieta, CA ($52 million); and The Tampa State Bank, Tampa, KS ($45 million).

Two institutions -- CenterBank of Jacksonville, National Association, Jacksonville, FL ($133 million) and Nebraska Bankers' Bank, Lincoln, NE ($34 million) found merger partners. The two other removals were voluntary liquidations of Woodlands Commercial Bank, Salt Lake City, UT ($1.6 billion) and Main Street Bank, Kingwood, TX ($240 million).

Among the eight additions are Kaw Valley Bank, Topeka, KS ($498 million); International Bank, Raton, NM ($314 million); The Citizens Bank, Nashville, GA ($287 million); and Peoples State Bank of Commerce, Nolensville, TN ($242 million). Other new actions include a Prompt Corrective Action order against First Capital Bank, Kingfisher, OK ($55 million).

There were no changes to the list during the first week of 2012. We will update the transition matrix on the next iteration as it should be a light week for any changes.
Summary for Week Ending January 6th
Schedule for Week of Jan 8th